New Improved Pricing and 13.7 GRM on Bush and Powell! The building includes 28 One-Bedroom/One-Bath Units and 17 SRO Units (two with full baths). The building was constructed in 1907 and boasts a recently completed full building electrical upgrade, a fresh coat of interior paint and new carpeting and lighting throughout the common areas. Security cameras have been installed in common areas. The common area bathrooms have been renovated. The units have excellent floor plans, beautiful architecture and great natural light. Some units have city views and all units are separately metered for PG&E.

Property Type: Multi-Family
Year Built: 1907
Sub-Lease: 45
Listing ID: PD5TSN
MLS ID: 483729
Style: Multi-Family (Over 20 Units)
Building Size: 23,120 SF
Lot Size: 4624 SF
Area Description

Area Description: 698 Bush Street is an incredibly rare investment opportunity, with unmatched locational amenities and close proximity to Union Square and the Financial District of San Francisco. Fantastically located in the Downtown/Lower Nob Hill area, it is considered one of the best and most desirable neighborhoods. Nearby are many fine restaurants, bars and upscale hotels including the Fairmont, the Ritz-Carlton and Mark Hopkins. The Cable Cars run up and down Powell Street in front of the building adding to its vintage charm and appeal. Public transportation via MUNI and BART is very accessible. The location provides easy access to top employers and boasts a highly educated work force in one of the top performing apartment markets in the country. Nearby employers include technology companies such as Reddit, Zendesk, Yelp, WeWork and Salesforce. The San Francisco Bay Bridge and freeways are within a short driving distance.

Region: Lower Nob Hill

Gross Income: $875,565
Expenses: $354,414
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